Macrotech Developers shines on planning to raise Rs 250 crore via NCDs
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Macrotech Developers is currently trading at Rs. 1109.45, up by 24.60 points or 2.27% from its previous closing of Rs. 1084.85 on the BSE.
The scrip opened at Rs. 1103.45 and has touched a high and low of Rs. 1112.00 and Rs. 1091.60 respectively. So far 1592 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 814.85 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 1125.45 and Rs. 1047.00 respectively. The current market cap of the company is Rs. 52614.52 crore.
The promoters holding in the company stood at 82.20%, while Institutions and Non-Institutions held 16.40% and 1.40% respectively.
Macrotech Developers is planning to raise funds upto Rs 250 crore in one or more tranches by issuing Non-Convertible Debentures (NCDs). A meeting of the Board of Directors of the Company is scheduled to be held on Monday, August 29, 2022, inter alia, to seek approval for the same.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
